The ascending triangle chart pattern can prove to be very helpful!May 15, 2015

Ascending Triangle Pattern

The ascending triangle is generally considered to be a continuation chart pattern, and also a bullish indicator. The horizontal upper edge of the triangle is formed by a resistance level created by a series of equivalent highs, and the ascending lower edge rises towards the resistance level with a series of gradually higher lows. The pattern is completed when the upper edge of the triangle pattern is crossed, and this is usually seen to present indication of a breakout.

“Goldilocks” visited the market last Friday, and has set a good omen for the stock market in the week ahead – as stocks could be seen rising to record territory.....
.....The week ahead
in the stock market will have the all-important Retail Sales on Wednesday along with Import and Export Prices. The PPI comes out Thursday with the Empire State Manufacturing Survey, Industrial Production, and Consumer Sentiment on Friday.....
.....Besides the data, there are still a few earnings including Cisco, and retailers Macy's, Nordstrom and Kohl's for the week ahead in the stock market. .......Read more